Bitcoin’s RSI on the monthly chart has historically been a key indicator for macro bottoms 👀

When you pull up the RSI on Bitcoin’s monthly chart and draw a trend line from each bottom, you can see a clear pattern playing out. Once the RSI flattens out and touches that trend line, price tends to bottom at the same time, as shown by the yellow bars above.
So it’s reasonable to assume Bitcoin’s bottom could be in once we see the monthly RSI reset and fully flatten out at the bottom of our trend line. I’ve circled exactly where I think we currently are relative to prior cycles, and if I’m correct, the most volatile and brutal moves to the downside should be behind us. That said, I don’t believe the absolute bottom is in just yet.
As always, this is just one indicator to use for confluence alongside other signals to confidently confirm whether the bottom is in. Don’t rely on this single indicator when trying to identify a market bottom. I highly recommend keeping an eye on this chart 🤝